LDC appoints new CEO

The appointments will take effect on 1 January 2021.

Rougier joins from Lloyds Banking Group, where he is currently group corporate treasurer. He has been a non-executive director on LDC's board since 2017. Rougier previously acted as managing director of corporate banking at Santander and was a consultant at McKinsey.

Draper, who joined the firm in 2002, will also remain chairman of LDC's investment committee. Under his leadership, the firm has generated proceeds of £5.2bn, invested £2.3bn in capital and completed more than 400 transactions, according to a statement.

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